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Debt (Tables)
9 Months Ended
Sep. 30, 2012
Debt Disclosure [Abstract]  
Schedule of long-term debt to financial institutions

 

 

 

 (Unaudited)

 

 

(In thousands)

 

 September 30,

 

 December 31,

 

 

2012

 

2011

Fixed Rate term note payable to a U.S. bank, with an interest rate of 6.65% at September 30, 2012, due January 1, 2016, secured by real estate, leasehold improvements, property, plant and equipment, inventory and accounts receivable of our U.S. operation.

 $

                   1,404

 $

                  1,680

Term note payable to a U.S. equipment financing company, with an interest rate of 5.24% at September 30, 2012, due April 1, 2013, secured by a Caterpillar front-end loader.

 

                        16

 

                       35

Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 7.8% at September 30, 2012, due July 1, 2029, secured by TPT's land and office building purchased July 2004.  (€304)

 

                      390

 

                     413

Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.6% at September 30, 2012, due January 31, 2030, secured by TPT's land and building purchased January 2005.  (€304)

 

                      390

 

                     412

Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.05% at September 30, 2012, due July 31, 2015, secured by TPT's assets.  (€121)

 

                      155

 

                     205

Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.25% at September 30, 2012, due July 5, 2014, secured by TPT's assets.  (€393)

 

                      505

 

                     736

Malaysian Ringgit term note payable to a Malaysian bank, with an interest rate of 5.2% at September 30, 2012, due March 1, 2015, secured by TMM's property, plant and eqiupment. (RM 2,365)

 

                      774

 

                         -

Total

 

                   3,634

 

                  3,481

Less current maturities

 

                      818

 

                     813

Total long-term debt and notes payable - financial institutions

 $

                   2,816

 $

                  2,668